MURPHY LAKE APARTMENTS HOUSING CORPORATION (EIN 432118157) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

FATHER CHARLES N ROWE

Phone

8162214377

Tax Period

2024-01-01 to 2024-12-31

MURPHY LAKE APARTMENTS HOUSING CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $235K in total revenue in fiscal year 2024. Expenses of $297K exceeded revenue, resulting in a 27% operating deficit.

Mission

APARTMENT COMPLEX PROVIDING LOW INCOME HOUSING

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $234,587

Investment Income $15

Other Revenue $0

TOTAL REVENUE $234,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,366

Fundraising Expenses $0

Program Expenses $263,245

Other Expenses $203,417

TOTAL EXPENSES $296,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,602	$218,623	+0.1%
Expenses	$296,783	$303,775	0.0%
Net Income	$-62,181	$-85,152	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FATHER CHARLES N ROWE	PRESIDENT	0.40	Officer Director	$0	$0	$0
DOUG EVENSON	VICE PRESIDENT	0.40	Officer Director	$0	$0	$0
SUNNY JONES	TREASURER	0.40	Officer Director	$0	$0	$0
KAREN NOEL	SECRETARY	0.40	Officer Director	$0	$0	$0
ANGELA LAVILLE	BOARD MEMEBER	0.40	Director	$0	$0	$0
TARA MCGRANAGHAN	BOARD MEMEBER	0.40	Director	$0	$0	$0
LON BOOHER	BOARD MEMEBER	0.40	Director	$0	$0	$0
VICTOR AMMONS	BOARD MEMEBER	0.40	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$234,602	$296,783	$1,906,606	$-62,181
2023	$218,623	$303,775	$1,963,999	$-85,152
2022	$204,207	$282,617	$2,020,248	$-78,410
2021	$182,981	$254,710	$2,083,584	$-71,729
2020	$168,025	$245,302	$2,146,549	$-77,277
2019	$164,012	$233,369	$2,226,273	$-69,357
2018	$160,711	$230,176	$2,293,637	$-69,465

MURPHY LAKE APARTMENTS HOUSING CORPORATION